Reliance Power of India and Royal Dutch Shell said today that they will jointly set up an LNG terminal off Kakinada in Andhra Pradesh by 2014.
Shell and Reliance Power will together hold a majority stake in the consortium that will set up the floating LNG terminal with a capacity of 5 million mt, which is designed for easy expandability to 10 million mt.
“ After the success of Shell’s Hazira terminal in Gujarat, Shell is keen to set up an LNG receiving terminal in Andhra Pradesh ,” Royal Dutch Shell’s Global Head of LNG De la Rey Venter said.
“ We are pleased to have reached an agreement with RPL and Kakinada Sea Ports (KSPL) to implement the LNG terminal in AP and look forward to successfully progressing this project with our partners ,” he said.
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LNG World News Staff, May 31, 2012; Image: Hazira LNG